5 Ways to Make Your College Degree More Affordable

You already know that you need a degree to get to where you want to go careerwise.

But it’s not as if you have your parents helping you pay for your college. You’re a grown adult; you have to do this on your own. You CAN do this on your own.

Yet, understandably, you’re worried about taking on more debt while simultaneously balancing the demands of work and family responsibilities with school. After all, you already have enough expenses. There’s your rent or mortgage, transportation, food, your kids’ education or childcare, just to name a few.

Maybe you have some money saved or you plan to take out a few student loans. Regardless, you want to be smart about how much you are spending and that you’re spending wisely. You want the most bang for your buck. And the less debt, the better.

Here are a few ideas that can help.

1. Take an Exam for College Credit

If you acquired any college-level knowledge through job experience, hobbies, volunteer activities and independent study, you may be able to leverage that knowledge for college credit. CLEP®, DSST® and TECEP® exams, Thomas Edison State University’s own credit-by-exam program, allows you to earn credit by taking exams instead of courses. These exams are similar to the final exams in college courses; some offer multiple-choice questions and others consist of short-answer, essay or other extended-response types of questions. They are graded on a Credit/No Credit basis. When you pass, you receive college credit. In fact, several general education requirements can be fulfilled by passing a TECEP® exam. However, always check with your advisor to make sure that the exam you are taking will fulfill the requirements of your degree program.

Costs for the 2018-2019 Academic Year

Lower-Level TECEP® Exams (100-200): $25 per credit registered

Upper-Level TECEP® Exams (300-400): $75 per credit registered

CLEP® Exam: $87

DSST® Exam: $85

2. Investigate Your Alternative Credit Options

Alternative credit-earning methods can range anywhere in cost from free to a couple hundred dollars. Even more, these options are not beholden to any deadlines, so you can complete them on your schedule. For example, Open Educational Resources (OER) enable you to earn college credit by taking free open courses available from Saylor Academy, OERu and OER Commons, and then passing an assessment for credit. Some open courses, like Saylor Direct Credit, include ACE- or NCCRS-approved assessments that TESU will accept as transfer credit. Others may require an additional assessment such as a TECEP® or a CLEP® exam to earn credit.

Meanwhile, asynchronous online courses are a bit more structured and offer a set number of lessons, unit quizzes and final exams. Programs like Study.com, StraighterLine and Sophia.org have been evaluated and recommended for credit by ACE and require either a membership fee or per-course fee to enroll. Once you complete and pass the course, follow the program’s requirements to get your efforts transferred as college credit. As always, talk with your advisor to ensure that the credits you are planning to pursue will fit your degree program requirements.

3. Send All Your Transfer Credit

TESU accepts a wide variety of transfer credits. In fact, every course, training program or license/certification that you may have taken in the past might get you that much closer to your degree. Your advisor can help you figure out where those credits may fit into your degree program. So it’s beneficial to you if you send any and all transcripts, including:

Meanwhile, check with your state to find out if there are any grants available to residents in the form of state financial aid through your state education agency. If you are attending a college in state, this may boost your eligibility. Also, many states have programs that allow residents to attend institutions out of state at the in-state cost through college tuition discount programs. You can find out if your state has any available tuition exchanges through the National Association of Student Financial Aid Administrators website here.

And if you are part of any religious, community, professional or civic organizations, they might have additional scholarships available. While these programs tend to offer amounts on the smaller side, they usually have less competition. If you find out you are eligible, it’s still worth it to apply because $1,000 here and $500 there can really add up!

Costs

It’s free to apply for a scholarship. Be wary of any services that charge a fee to conduct a scholarship search.

However...

It is important to mention that most four-year institutions require that you earn at least 30 or more of your last credits at the institution from which you are pursuing a degree. However, at Thomas Edison State University, if you are enrolled under the Per Credit Tuition Plan and do not earn at least 16 credits via the University’s online (OL), Guided Study (GS) or e-Pack® (EP) courses before you complete your associate or bachelor’s degree, you can instead pay a one-time Residency Waiver fee. If you pay the fee, and do not apply for graduation within 12 months, you will be required to pay additional residency waiver fees. The fee does not apply if you are enrolled under the University’s Full-Time Flat-Rate Tuition Plan.